Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

almost 14 years ago

in response to khareema's message

"Anything is possible, Ed, but if so, that one person has a lot of different accts with a variety of brokerages." Yes possible. I am a small investor but have 4 accounts with 3 brokers. Regular, RRSP, locked RRSP (former pension), and a tax free RSP. And such an individual need not have bought a whole million of shares. Example, at about 2pm today there was a bid of 122,000 shares over 8 bidders. Just one of them could have placed a bid of 50 thousand or so and that established a floor for everyone to jump over if they wanted anything. Once someone starts buying it causes others to accomodate their actions and it starts a mini avalanche. Perhaps even rumours until it weakens from lack of support. That is what I suspect is happening.